I don't do this very often, but this time I actually sold 10% of my stash at $890 on Stamp. Take this as a warning from a superstrong hand.  Needed liquidity? Nah I just want to increase my BTC stash when I see a clear opportunity to do so.  Okay speculation then. That's not what I call a strong hand  +1 Gotta be satisfied with 1000s percent growth imo! |
|
|
|
I wasnt even watching gox during the peak of the drop. And was kinda surprised that it went down to only 950-960'ish? While btc-e went to 827. So either btc-e overpanicked, or Gox didnt react at all.
Some say it was Huobi but there was very strong downwards pressure at Stamp, as far as I can see from large sell walls being put up right in the spread all of a sudden for a minute or two then suddenly gone and flashing back for around 45 minutes. Then the lid came off. Might happen again so be prepared to Hodl if that's your thing! |
|
|
|
...today is all remarkably predictable with a few trend lines.
I think so too (minus the jiggery pokery with the sell walls) that's why I put a question mark against "panicked?" |
|
|
|
I strongly suspect that at least 5000 BTC/day of MtGox volume is fake (the ping-pong I mentioned earlier). Then there are spurts of higher volume when the price is changing fast, obviously due to speculation.
The non-speculative (commercial) trade seems to be less than 5000 BTC/day. How much less?
I hope you don't mind my asking, but I've seen you make a dozen posts about this. I'm interested to know, do you own any BTC or are you waiting to buy, or neither? |
|
|
|
I don't do this very often, but this time I actually sold 10% of my stash at $890 on Stamp. Take this as a warning from a superstrong hand. Needed liquidity? I think he might be saying he panicked? |
|
|
|
6h and 4h StochRSI looks bad, altho not sure how good is it for predicting the future  i'm not sure either. they look bad because what just happened was bad. there was prior warning though. There was also this: https://bitcointalk.org/index.php?topic=397534.01. So far we have popped up as stated would happen. 2. And we have come back down to around the green line as stated would happen. 3. Now I believe we will ride just above the green line following its trend but likely pop up again in the days to come. |
|
|
|
do you have a technical term for this kind of pattern?
I would call it the bitch-slap pattern. That's perfect! Thanks! |
|
|
|
Good HODLING folks! Congratulations to all your HODLERS!!! |
|
|
|
You know what? Even if Bitcoin is banned in China they love it too much. There will be a huge black market. EDIT: We still have to pass our test though! |
|
|
|
|
If this news is right then this is the perfect time for a test of that growing confidence we have outside China. This could be like the vaccine that immunizes us from anything else "Chinese" (for want of a less insulting way of saying it)!
|
|
|
|
Anyone knows about that new china taobao crypto ban? Could it be the cause?
no. guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May. i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now. we will pay ?? to hell with that, it is great show, popcorn ready +1 haha you're obviously not a merchant trying to actually use bitcoin as a currency, or anything like that  like i said, sometimes i believe the crap about speculators being good for a market, but then again this bullshit happens with frightening regularity... Arepo can I ask in all seriousness... do you have a technical term for this kind of pattern?  |
|
|
|
Anyone knows about that new china taobao crypto ban? Could it be the cause?
no. guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May. i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now. we will pay ?? to hell with that, it is great show, popcorn ready +1 |
|
|
|
|
Stamp leading = first target to try and lower the price for cheap coins
|
|
|
|
good lord stamp is on fire what the hell is going on over there?  Someone tried to push a lid down on Stamp with large sell walls every two minutes for over half an hour... They took the lid off! It may well happen again. Just stay cool |
|
|
|
Look at Stamp in its natural state now! |
|
|
|
Someone is throwing up walls to give people the heebie jeebies. Just sit tight and do what you were planning to do without this phenomenon people! For me that's HODL! |
|
|
|
|
Just amazing to see the walls popping up on Stamp for no reason. Everyone knows the buying pressure is there. Maybe I'm naive but didn't expect to see someone try it on like that today.
|
|
|
|
Isn't that kind of the purpose of the wall observer thread?
That thread truly is "all-purpose"! |
|
|
|
Thanks! I do think it's important to let people know what is going on with the bid and sell walls if it looks funny! |
|
|
|
Breaking news.
About 5 minutes ago a major selloff occured, effectively taking out 10% of the market cap. Could this be the moment of a market turn? Will the market get into a prolonged bear stage?
Will we discuss with one of the most prolific technical analyst, Sato Shinaka
Stay tuned for more, on BTCTV, after commercials.
[commercials]
[even more commercials]
Reporter: Mr. Sato Shinaka, we all saw the rapid growth of bitcoin in 2013. Do you think that it will make new highs in 2014 as well?
Mr. Shinka: No.
...
I like a man who talks straight! Ha ha ! |
|
|
|
|
Show Posts
